Pub. L. 90-321, tit. V, sec. 503 (as amended)
Grammatical usages
§ 503. [15 U.S.C. 1602 note] Grammatical usages
In this Act:
(1) The word “may” is used to indicate that an action either is authorized or is permitted.
(2) The word “shall” is used to indicate that an action is both authorized and required.
(3) The phrase “may not” is used to indicate that an action is both unauthorized and forbidden.
(4) Rules of law are stated in the indicative mood.
- Cross-references to the US Code
- 15 U.S.C. 1602 note